AI to Drive Digital Payments

The head of India's payment system believes artificial intelligence will play a significant role in the next phase of digital payment growth. Newer payment apps are expected to become more competitive with the help of a viable commercial model. This could lead to increased innovation and adoption of digital payments in India. The use of AI is likely to improve the efficiency and security of transactions, making digital payments more appealing to users. As a result, the digital payment landscape in India may undergo significant changes in the near future. The integration of AI in digital payments could also have implications for the global payment industry.